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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
 The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points versus the previous week. As a result, August’s monthly average is now at 2417 points, significantly improved over last month’s average of 1910 points. According to a weekly report prepared by N. Cotzias Shipping Group, the BDI is set to increase before year end and possibly peak beyond the 5,500 points mark. “For this increase to be effective some resistance levels have to be met and surpassed and some other conditions have to be met”. Commenting on this week’s performance of the market, the Piraeus-based shipbroker said that it was a mixed feeling week, a breather. “The larger capes and panamaxes suffered minor losses and the smaller supramaxes and handymaxes posted minor gains. Overall the general index fell and the overall sentiment is that the overwhelming increased was too rapid and had to correct somehow. Still there are many ships chasing lesser/fewer cargoes and this imbalance of the market is self]implicated and will sooner become far worse than better. Have owners been shooting at their own feet? Definitely yes!” the broker mentioned.
Still, the shipping markets seem to have regained a great share of the heavy losses encountered during the first two months of this summer period and “before August says “kalo xeimona” - a Greek traditional wish for a pleasant winter - to us, we will be in a positive situation where we recovered a great percentage share of the heavy losses in both the indices and actual daily freight hire. The shipping markets were greatly assisted, by the added momentum that were offered in the past 2 weeks by the Capes and the Supramaxes. However the underlying global market fundamentals still pose a great degree of an uncertainty level although overall the picture looks much better than 2 months ago. China has imposed their game rules in the iron/ore pricing agreement, and the country’s size and import appetite on its own have such great weight that they can and have brought the per tone prices to the desired levels. Russian grain exports embargo/ban went into action as from the 15th August until 31st December 2010, and the Russian exports will be limited to 60]65 million tones for 2010 as opposed to 97 million tones for 2009. This is a serious quantity reduction that will be needed to be shipped from alternative locations and this will definitely act positively on shipping freights as the per ton mile cost will increase. A notable slowdown in period and time charter fixtures was noticeable this week and a total of only 84 fixtures were recorded compared with 112 of last week” Cotzias said.
Meanwhile, in a separate report by shipbrokers Golden Destiny, last week ended with 29 sales reported in the secondhand and demolition market. The highest activity has been recorded in the newbuilding market with 48 orders reported in total. “The secondhand market has been marked with almost 52.17% negative yearly change with 11 vessels reported to have changed hands this week equalling a total amount of money invested around $185,800,000. In the demolition market, 18 vessels have been headed to the scrap yards of total deadweight 356,048 tons, while in 2009 14 vessels reported for scrap indicating a positive yearly change of around 28.5%. In the newbuilding market, 48 vessels reported to have been ordered equalling a total deadweight around 4,490,500 tons. The dry sector has held the largest share of newbuilding contracts, equalling a total deadweight of 2,154,500 tons, with kamsarmaxes being the most popular vessel type. The Greek presence has been noticed this week in the secondhand market with 2 transactions, one in the handysize bulkcarrier sector and one in the MR tanker sector, and in the newbuilding market with 5 transactions, 1 in the kamsarmax bulkcarrier sector, 2 in the handysize bulkcarrier sector and 2 in the container handy sector. The cumulative amount invested by Greeks can be calculated only in the secondhand market, which was $ 11,000,000 , since in the newbuilding market the relevant information has not been disclosed” Golden Destiny concluded.
Source: Nikos Roussanoglou / Hellenic Shipping
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Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
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- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
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